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BlackRock Inc. headquarters BlackRock Inc. headquarters in New York on June 11, 2018. Photo: Bess Adler/Bloomberg

The $875 million deal struck this week between BlackRock and Authentic Brands Group that made BlackRock the largest shareholder in the brand development company was the first purchase made by BlackRock’s new Long Term Private Capital (LTPC) group.

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at pasmith@alm.com or on Twitter at @nycpatrickd

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